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DC Metro Area has best Real Estate Market in the U.S.
The S&P/Case-Shiller 20-City Composite Home-Price Index was released for February 2011 and shows that Washington D.C. metro area is the best place in the U.S. to own real estate.  The one-year change in home prices for the D.C. metro area was positive 2.7%, the only one in the 20 city index that did not show a negative change.
You can read all about the gloom and doom of the national real estate market in the Wall Street Journal article:  Homes Prices Near Recession Low of April 27, 2011.  It states that home prices are expected to continue to fall nationwide.  “There is very little, if any, good news about housing,” said David M. Blitzer, chairman of S&P’s index committee.  Well I’m here to tell you some good news about housing and that is that all real estate is local!
The primary market that I work in is Northern Virginia which consists of McLean, Great Falls, Arlington, Falls Church, Vienna, Oakton, Alexandria and parts of Loudon County.  The Northern Virginia area is part of the Washington D.C. metro index area that increased 8.4% over the nationwide recession low in April 2009.  The nationwide peak occurred in July of 2006 and according to the index the ... more

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